Notice on the difference between expected and actual distributions for the 2026 fiscal year ending June (17th term) and the revision of the distribution forecast for the 2026 fiscal year ending December (18th term)

Overview of performance

This investment trust publicly discloses the difference between the 2026 June period’s distribution forecast and actual results. Due to power generation actuals falling short of forecasts, per-share profit distribution and total distributions were revised downward from the previous forecast. A revised forecast is also presented for the 2026 December period (18th term). The main reasons are output curtailments in the Tohoku and Kyushu regions, unfavorable weather, and additional costs related to the transition to the FIP framework.

Outlook and cautions

Based on the assumptions in the attached appendix, the operational outlook assumes 23 assets held; acquisitions of new assets, market fluctuations, and changes in rental income could cause actual results to vary significantly. The forecast uses a P50 power generation forecast, and only when actual rents exceed Rent 1 will Rent 3 potentially occur.